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licitation

 - 1 dictionary result
Legal Dictionary

Main Entry: lic·i·ta·tion
Pronunciation: "li-s&-'tA-sh&n
Function: noun
Etymology: Latin licitatio, from licitari to bid a price, from licere to be for sale
: the act of offering for sale or bidding at an auction; specifically in the civil law of Louisiana : a mode of partitioning property held in common by sale at auction
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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